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Corporate Lakes Professional Bldg 7000 W 121st St 14,078 SF 100% Leased Office Building Overland Park, KS 66209 $1,625,000 ($115.43/SF)
Investment Highlights
- Available Square Feet: 0
- Year Built: 1988
- Suites: 4
- Occupancy: 100%
- Floors: 2
- Parking Ratio: 4.14/1,000 SF
Executive Summary
7000 W. 121st Street (the “Property”) is a 14,078-square-foot Class B medical office building offering a strong and diversified tenant mix. The Property is strategically located at the entrance to the Corporate Lakes office park at the signalized intersection of 121st Street and Metcalf Avenue, providing excellent visibility and accessibility within a dense, affluent Johnson County submarket.
The building is fully leased to four established medical practices, providing stable, healthcare-oriented cash flow supported by recession-resistant tenancy. The Property features prominent monument signage and ample parking to accommodate patient traffic.
Currently 100% leased with a weighted average lease term (WALT) of approximately 2.5 years, the Property offers investors both in-place income and the opportunity to enhance value through upcoming lease rollover and potential mark-to-market of rents.
The building is fully leased to four established medical practices, providing stable, healthcare-oriented cash flow supported by recession-resistant tenancy. The Property features prominent monument signage and ample parking to accommodate patient traffic.
Currently 100% leased with a weighted average lease term (WALT) of approximately 2.5 years, the Property offers investors both in-place income and the opportunity to enhance value through upcoming lease rollover and potential mark-to-market of rents.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,078 SF
Building Class
B
Year Built
1988
Price
$1,625,000
Price Per SF
$115.43
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,039 SF
Building FAR
0.22
Lot Size
1.44 AC
Zoning
CP-O
Parking
57 Spaces (4.33 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advanced Arm Dynamics
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Morning Star Family Dental
- Health Care and Social Assistance
- -
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advanced Arm Dynamics | Retailer | - | - | Lorem Ipsum | Jan 0000 | |
| Morning Star Family Dental | Health Care and Social Assistance | - | - | - | Jan 0000 |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | NP13100000-0002 | Improvements Assessment | $472,183 |
| Land Assessment | $125,318 | Total Assessment | $597,501 |
Property Taxes
Parcel Number
NP13100000-0002
Land Assessment
$125,318
Improvements Assessment
$472,183
Total Assessment
$597,501
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Corporate Lakes Professional Bldg | 7000 W 121st St
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